Sept. 19, 2025:
The U.S. Department of the Treasury issued (Sept. 19, 2025) an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
The GENIUS Act tasks Treasury with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime to protect consumers, mitigate potential illicit finance risks, and address financial stability risks. Today’s ANPRM invites the public to offer comments, including providing data and other information, that may be useful for Treasury to consider. While the ANPRM does not implement new requirements under the GENIUS Act, it offers the public an opportunity to contribute to the implementation of this law. Treasury welcomes comments and views from a wide range of stakeholders on the ANPRM.
This ANPRM builds upon the Request for Comment on Innovative Methods to Detect Illicit Activity Involving Digital Assets issued by Treasury on August 18, 2025, which remains open for comment until October 17, 2025.
Members of the public should submit comments in response to the ANPRM within 30 days of publication in the Federal Register. Comments responding to this notice will be publicly viewable at www.regulations.gov.
July 18, 2025:
WASHINGTON (AP) — President Donald Trump on Friday (July 18, 2025) will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry.
The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the U.S. dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins.
The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to make the U.S. the “crypto capital of the world.”
“Congratulations to our GREAT REPUBLICANS for being able to accomplish so much, a record, in so short a period of time,” Trump wrote on his social media site Friday morning as he announced the bill signing.
The House also passed two other bills Thursday that are meant to boost the legitimacy of the crypto industry. One creates a new market structure for cryptocurrency, and the other bans the Federal Reserve from issuing a new digital currency. Both measures now go to the Senate.
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